FASB ASC 350-30-35-21, Intangibles - Goodwill and Other, General Intangibles Other Than Goodwill, Subsequent Measurement, Unit of Accounting for Purposes of Testing for Impairment of Intangible Assets Not Subject to Amortization

Provides guidance on Unit of Accounting for Purposes of Testing for Impairment of Intangible Assets Not Subject to Amortization.

The International Accounting Standards Board (IASB) issued International Accounting Standard No. 36 with the objective to prescribe the procedures that an entity applies to ensure that its assets are carried at no more than their recoverable amount.

Share-Based Compensation

FASB ASC 718, Compensation – Stock Compensation

This topic provides guidance on share-based payment transactions with employees and includes the following sub-topics: Awards Classified as Equity, Awards Classified as Liabilities, Employee Stock Ownership Plans, Employee Stock Purchase Plans, and Income Taxes.

This section provides guidance to auditors on obtaining and evaluating sufficient appropriate audit evidence to support significant accounting estimates in an audit of financial statements in accordance with generally accepted auditing standards.

SAS No. 73 – Using the Work of a Specialist

This section provides guidance to the auditor who uses the work of a specialist in performing an audit in accordance with generally accepted auditing standards. For purposes of this section, a specialist is a person (or firm) possessing special skill or knowledge in a particular field other than accounting or auditing.

SAS No. 101 – Auditing Fair Value Measurements and Disclosures

This section establishes standards and provides guidance on auditing fair value measurements and disclosures contained in financial statements. In particular, this section addresses audit considerations relating to the measurement and disclosure of assets, liabilities, and specific components of equity presented or disclosed at fair value in financial statements.